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TypeBare Act JurisdictionCentral Government

Chit Funds Act, 1982 Section 9

Commencement of chit.—

~1 min read
https://sooperkanoon.com/act/449328

Bare act section · Research

About this section

Chit Funds Act, 1982 Section 9 is part of Chit Funds Act, 1982 - Commencement of chit.—. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Every foreman shall, after all the tickets specified in the chit agreement are fully subscribed, file a declaration to that effect with the Registrar.

(2) As soon as may be after a declaration is filed under sub-section (1), the Registrar shall, after satisfying himself that all the requirements relating to sanction, registration of chit and other matters have been duly complied with, grant a certificate of commencement to the foreman.

(3) No foreman shall commence any auction or the draw of any chit or appropriate any 2[gross chit amount] unless a certificate of commencement referred to in sub-section (2) is obtained by him.

Frequently asked questions

What does Chit Funds Act, 1982 Section 9 provide?

Section Section 9 of the Chit Funds Act, 1982 (Commencement of chit.—) is reproduced on this page as part of the Chit Funds Act, 1982. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Chit Funds Act, 1982 Section 9?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Chit Funds Act, 1982 Section 9. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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